Vetr cut shares of International Business Machines Corporation (NYSE:IBM) from a buy rating to a hold rating in a report released on Monday morning. They currently have $157.56 target price on the technology company’s stock.

IBM has been the topic of a number of other research reports. Berenberg Bank initiated coverage on shares of International Business Machines Corporation in a report on Tuesday, April 4th. They set a sell rating and a $140.00 price objective on the stock. Argus reissued a buy rating and set a $192.00 price objective (up previously from $185.00) on shares of International Business Machines Corporation in a report on Wednesday, March 22nd. Sanford C. Bernstein reissued a market perform rating and set a $150.00 price objective on shares of International Business Machines Corporation in a report on Tuesday, April 11th. Cantor Fitzgerald reissued a hold rating and set a $166.00 price objective on shares of International Business Machines Corporation in a report on Thursday, April 13th. Finally, Royal Bank Of Canada reissued a sector perform rating and set a $180.00 price objective (down previously from $185.00) on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the stock. International Business Machines Corporation presently has an average rating of Hold and an average target price of $160.71.

Shares of International Business Machines Corporation (NYSE:IBM) traded down 0.30% on Monday, hitting $147.22. 3,129,265 shares of the stock were exchanged. International Business Machines Corporation has a 52-week low of $146.71 and a 52-week high of $182.79. The stock has a market cap of $138.31 billion, a PE ratio of 12.11 and a beta of 0.98. The company’s 50 day moving average is $153.42 and its 200-day moving average is $165.18. International Business Machines Corporation also was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 49,126 put options on the stock. This is an increase of approximately 655% compared to the typical daily volume of 6,510 put options.

International Business Machines Corporation (NYSE:IBM) last issued its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.95 earnings per share. Analysts predict that International Business Machines Corporation will post $13.73 EPS for the current fiscal year.

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In other International Business Machines Corporation news, Director James W. Owens bought 1,718 shares of International Business Machines Corporation stock in a transaction on Tuesday, May 16th. The stock was bought at an average price of $153.19 per share, with a total value of $263,180.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in International Business Machines Corporation by 0.4% in the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock worth $8,915,788,000 after buying an additional 181,993 shares during the period. Norges Bank acquired a new stake in International Business Machines Corporation during the fourth quarter worth approximately $1,366,710,000. Schwab Charles Investment Management Inc. increased its stake in International Business Machines Corporation by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 4,516,351 shares of the technology company’s stock worth $786,478,000 after buying an additional 215,180 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in International Business Machines Corporation by 1.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,719,932 shares of the technology company’s stock worth $473,649,000 after buying an additional 34,936 shares during the period. Finally, LSV Asset Management increased its stake in International Business Machines Corporation by 2.3% in the first quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock worth $449,003,000 after buying an additional 59,030 shares during the period. 58.16% of the stock is owned by institutional investors.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for International Business Machines Corporation (NYSE:IBM)

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